Blog

  • Pakistan’s stock market closes above 75,000 mark for the first time

    Pakistan’s stock market closes above 75,000 mark for the first time

    The Pakistan Stock Exchange’s (PSX) KSE-100 index achieved a historic milestone on Friday, closing above 75,000 points for the first time ever. This marked the seventh consecutive session of gains, reflecting a strong buying momentum in the market.

    The trading session opened on a positive note, with bullish investors driving the market upward throughout the day. The KSE-100 Index ultimately settled at 75,342.35 points, an increase of 411.65 points or 0.55 per cent from the previous close.

    Significant buying activity was observed across various sectors, including oil and gas exploration, fertilisers, refineries, pharmaceuticals, cement, and chemicals, contributing to the robust market performance.

    The surge follows Thursday’s session, where the index gained 267 points to close just shy of the 75,000 mark, fueled by positive market sentiments.

    Market experts attribute this unprecedented rise to several favorable factors. These include the commencement of discussions with the International Monetary Fund (IMF) for a new loan programme and anticipations of a potential interest rate cut in the upcoming monetary policy meeting.

    Such developments have bolstered investor confidence, leading to increased market activity and record-high levels at the PSX.

  • Pakistan won Central Asian Volleyball Championship by defeating Turkmenistan

    Pakistan won Central Asian Volleyball Championship by defeating Turkmenistan

    Pakistan has won the Central Asian Volleyball Championship by defeating Turkmenistan in final match.

    In the final, Pakistan defeated Turkmenistan 1-3, Pakistan’s winning scores were 25-21, 25-19, 25-20 and 14-25.

    Pakistan remained unbeaten in the event, winning 6 matches in a row, the national team won a total of 18 sets and lost 3.

  • 24-karat gold price declines to Rs245,000 per tola

    24-karat gold price declines to Rs245,000 per tola

    Gold prices in Pakistan saw a downturn on Friday, marking a loss of Rs600 for 24-karat gold, now priced at Rs245,000 per tola. Notably, this adjustment places the current price at a significant Rs4,000 below its actual value.

    The Karachi Sarafa Association highlighted the rationale behind this pricing strategy, citing a noteworthy decline in purchasing power. Accordingly, the decision was made to reduce the price by Rs4,000 to better align with market dynamics.

    Last week, 24-karat gold experienced an upward trend, witnessing an increase of Rs5,500 per tola. However, the latest figures indicate a reversal in this trajectory, with the price now standing at Rs210,048 per 10-gramme, down Rs514. Similarly, the price of 22-karat gold was marked lower at Rs192,544 per 10-gramme.

    Meanwhile, silver prices remained stable in the domestic market, with 24-karat silver holding steady at Rs2,730 per tola and Rs2,340.53 per 10-gramme.

    Internationally, the spot gold market witnessed a modest increase, hovering around $2,388.8 an ounce, marking a 0.5 per cent rise for the day. This upward movement contributes to a weekly gain of 1.2 per cent for the yellow metal.

  • Sana Javed, Shoaib Malik enjoy New York trip

    Sana Javed, Shoaib Malik enjoy New York trip

    Sana Javed and Shoaib Malik are currently enjoying a trip to the USA. They’ve been sharing beautiful pictures and stories on Instagram from New York. Sana shared stories of rain, while Shoaib posted many solo pictures. The couple also shared a photo together.

    Here, we’ve gathered all their pictures from the trip.

  • ‘Squid Game’ season 2 is coming to Netflix soon

    ‘Squid Game’ season 2 is coming to Netflix soon

    Emmy-winning actor Lee Jung-jae, known for his role as Gi-hun in the hit series ‘Squid Game,’ has announced the release date for Season 2.
    Fans are excited to dive back into the intense storyline created by Hwang Dong-hyuk.

    Lee Jung-Jae confirmed to Business Insider that ‘Squid Game’ Season 2 will premiere in December this year.

    This supports Netflix CEO Ted Sarandos’ earlier comments about the new season arriving in the latter half of 2024, as reported by Screenrant.

    Season 2 will follow Gi-hun’s quest for revenge as he tries to take down the organization behind the deadly games.

    The season will continue exploring the struggles of contestants fighting for a huge cash prize, with Gi-hun’s transformation adding an exciting twist.
    Returning and new faces

    Lee Jung-jae will return in his iconic role, alongside Lee Byung-hun, Gong Yoo, and Wi Ha-jun.
    Fans eagerly await December to see Gi-hun’s journey and how new characters impact the game’s stakes.

  • What’s keeping Alizeh Shah away from social media?

    What’s keeping Alizeh Shah away from social media?

    Actress and model Alizeh Shah has revealed the reason why she isn’t as active on social media these days

    Shah recently participated in HUM Style Awards 2024, held in Karachi, where a journalist said that she had been missing on social media.
    Alizeh Shah said, “I don’t post much on social media. I only use it for work stuff. Otherwise not.”

  • KP government rises up to help Punjab farmers

    KP government rises up to help Punjab farmers

    Khyber Pakhtunkhwa government on Friday started the process of buying wheat from Punjabi farmers at the rate of Rs 3900 per 40 kgs as the wheat crisis ensues in Punjab, according to Geo News.

    An official from the Food Department told Geo that the KP government intends to buy up to 2 lac 86 thousand ton wheat crop till June 30 from Punjab farmers at the rate of Rs 3900 Kg.

    KP government has also bought 14 thousand tons of wheat from its own province’s farmers. According to official sources, up to 500,000 tons of crop can be stocked.

    The government is currently buying crops from KP cities like Peshawar, Kohat and Haripur, Geo News reported.

    Prime Minister Shehbaz Sharif had earlier ordered an inquiry committee to investigate the import of wheat last year under caretaker setup despite abundant harvest.

    Farmers in Punjab have staged protests because the government is not buying wheat crops from them at the agreed-upon rates.

  • Why are people hating on Aishwarya Rai’s Cannes 2024 look?

    Why are people hating on Aishwarya Rai’s Cannes 2024 look?

    The Cannes Film Festival is famous for the movies that premiere there, and for the glamorous gowns and high fashion that stars appear in on the red carpet. However, Bollywood star Aishwarya Rai Bachchan’s latest red carpet appearance has received mixed reactions from fashion critics and fans.

    Aishwarya wore a black gown adorned with intricate golden patterns, designed by Indian designer Falguni Shane Peacock. The dress, meant to capture attention, had several unique elements that sparked different opinions.
    The gown combined a fitted black base with large gold appliqués, creating a strong contrast that overwhelmed the dress instead of making a big statement. Adding to the complexity were the large white sleeves that billowed around her shoulders, making her look less flattering.

    While puff sleeves can add a touch of Renaissance charm, in Aishwarya’s dress, they made the overall look too heavy. The gold details could have worked well without the sleeves, but instead of adding elegance, they distracted from the harmony and shape of the dress.
    Adding to the drama was the train of Aishwarya’s dress, covered in intricate gold and white details. While it was meant to make a statement, the busy design of the train took away from the elegance usually expected at Cannes. She paired the gown with large gold hoop earrings, which, although meant to match the dress, added to the overall busy look.

    Despite the mixed opinions, Aishwarya Rai’s fashion choices always capture global attention. As one of Bollywood’s most iconic stars, her red carpet appearances are always eagerly anticipated and widely discussed. Her bold choice at the 77th Cannes Film Festival may not have pleased everyone, but it certainly kept all eyes on her.

  • Punjab government announces summer vacations for schools

    Punjab government announces summer vacations for schools

    The Punjab government has announced the dates of annual summer vacations in public and private schools in the province, Geo reported on Friday.

    As per the notification issued by the government, vacations will be observed from June 1 to August 14 in the entire province.

    Similarly, Punjab government has also reduced school timings due to scorching temperature in multiple cities of the country.

    According to the new timings, schools will open at 7am and close at 11:30am from Monday to Thursday; however, on Friday school will open at 7am to close at 10:30am.

    The Pakistan Meteorological Department has warned that a heatwave is expected to hit most parts of the country, especially Punjab and Sindh, starting May 21, due to high pressure in the upper atmosphere.

  • Hamza Ali Abbasi aspires to be like this particular alpha male

    Hamza Ali Abbasi aspires to be like this particular alpha male

    Actor Hamza Ali Abbasi says he wants to be a true gentleman like his character Shehram from the TV show ‘Jaan-e-Jahan’.

    Attending a recent premiere, Hamza talked about his role which has received much praise.

    “Shehram is a true gentleman, maybe even kinder than necessary,” he joked. “But seriously, I believe that Allah always supports those who are kind to others.”

    When asked if Shehram is too gentle to be called an alpha male, Hamza replied, “Alpha males should be gentle. They should be the kindest, especially towards their women and families.”

    Upon being called an alpha male like his character, Abbasi added, “Shehram it’s an alpha male, and I aspire to be like him. I hope I am.”